Single account for paying taxes

The Cabinet of Ministers of Ukraine has approved a mechanism for the functioning of a single account for paying taxes by Resolution No. 321. Read this article to find out how it will work, what taxes can be paid and what an entrepreneur should do to open such an account.

What is a single account?

A single account is an account that an entrepreneur can open independently at the Treasury and transfer funds there to pay taxes, monetary obligations, and pay off tax debt.

What taxes can be paid to a single account?

The unified account can be used to pay the unified social contribution (USC), personal income tax (PIT), military duty (MD), single tax (ST) and other payments controlled by the tax authorities.

What taxes cannot be paid to a single account?

It will not be possible to pay value added tax (VAT) and excise tax on fuel and alcohol sales to the single account. Also, state-owned and municipal enterprises and their associations will not be able to use the single account to pay part of their net profit.

How to open a single account for paying taxes?

Opening a single account is entirely voluntary. If you do not want to pay taxes to different accounts, you will need to submit a notice to the tax authorities on the use of a single account through the taxpayer's electronic account. The very next day, after submitting the notification, you can transfer funds to such an account.

Please note! If you change your mind about using a single account and decide to notify the tax authorities, you will still be obliged to make all payments to a single account until the end of the year, and only from January 1 of the following year you will be able to make payments to different treasury accounts.

Important! After opening a single account, you are obliged to transfer all tax liabilities (except for VAT, excise tax, and others listed above) to the single account. If you pay any tax to the old account, such payment will be considered erroneous, i.e. you will not be credited.

How will funds be debited from the single account?

There is a clear sequence of debiting funds from a single account. That is, if you paid a certain amount and indicated in the comment what you paid for, the tax authorities will ignore your comment and write off the funds in accordance with the established order:

• first of all, the unified social tax arrears;
• secondly, the tax debt, the funds will be written off in the order of their occurrence, i.e., older debts first;
• thirdly, debts under tax assessment notices will also be written off in chronological order, i.e., earlier ones first;
• fourthly, tax liabilities determined by the taxpayer for national taxes and fees, local taxes and unified social contribution in the order in which such liabilities arise;
• fifthly, liabilities for national taxes and fees based on submitted declarations;
• sixty, liabilities for local taxes based on submitted declarations;
• and last but not least, other payments, in accordance with the comments that will be indicated in the payment documents.

Will it be possible to return erroneously or overpaid funds from a single account?

Yes, it will be possible. The payer will have the right to return the erroneously paid funds or redirect them to pay other obligations or penalties.